Saturday, December 13, 2014

Missouri’s Economic Development Organizations Nationally Rank as Best in Class

The Missouri Partnership and the Kansas City Area Development Council (KCADC) were cited as “Best in Class” for state and regional economic development organizations, respectively, in a new survey of location advisors. While the Missouri Partnership tied for fifth place with Kansas and Oklahoma Departments of Commerce for state economic development organizations, KCADC ranked first among regional economic development organizations.

Conducted every three years since 1996 by Development Counsellors International (DCI), the “Winning Strategies in Economic Development” report tracks trends in economic development to determine the best business climates among all 50 states. Key factors include tax climate, “pro-business environment,” incentives/financial assistance and workforce quality/availability.

The survey also ranked Texas, Florida, Georgia and North Carolina as having the overall best business climates domestically, and China, the United Kingdom and Germany as the top countries for international investment opportunities.

DCI’s 2014 Winning Strategies report collected feedback from 356 corporate executives and location advisors, the greatest response to date. The report assembles the perceptions of business executives throughout the nation on the most effective economic development marketing techniques and strategies. Corporate executive respondents were equally divided among manufacturing and service industries, and nearly a quarter had gross revenues of $500 million or higher.

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